Contract – LLC Operating Agreement – Separation Agreements – Releases – Equity Unit Valuation

We affirm the Business Court’s decision (Even though the defendant-limited liability company’s operating agreement required a certain procedure for the LLC to repurchase one class of its equity units, plaintiffs waived their rights to such a procedure in the agreements they signed when they left the employ of defendant’s subsidiaries.).

Walker v. Driven Holdings, LLC (Lawyers Weekly No. 010-061-18, 1 p.) (Per Curiam) Appealed from Mecklenburg County Superior Court (James Gale, C.J.) David Boggs and Colin Stockton for plaintiffs; Michael Mitchell, Jackson Wyatt Moore Jr., Glenn Kurtz and Kimberly Haviv for defendant. N.C. S. Ct.